---
title: "R5169_Global Custody Services for Tower Hamlets Pension Fund"
ocid: "ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "TOWER HAMLETS"
published: "2018-05-02"
---

# R5169_Global Custody Services for Tower Hamlets Pension Fund

Buyer: TOWER HAMLETS  
Current stage: Award  
OCID: ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490.json)

## Summary

The procurement process for Global Custody Services for the Tower Hamlets Pension Fund, valued at £245,000, has recently completed. The buying organisation, Tower Hamlets, based in London, sought a service provider capable of offering various global custody services. This tender initiated under an open procurement method had a tender period concluding on 28th November 2017, with the awarded contract commencing on 1st May 2018 and running until 30th April 2023. Following the award on 30th April 2018, the contract was published on 2nd May 2018.

This tender represents an opportunity for businesses in the financial services sector, particularly those specialising in asset management, custody services, and investment accounting. Companies that provide solutions for trade settlement, cash management, and compliance monitoring would find themselves well-suited to compete. The experience in managing assets in diverse global markets will also be valuable for potential bidders aiming to contribute to the efficient administration of the Tower Hamlets Pension Fund.

## Notice

The provider will be required to supply the following Global Custody Services; safekeeping of assets in a range of global markets; trade settlement; tax reclaims; corporate actions instruction and collection; proxy voting facilitation; foreign exchangeservices; cash management; investment accounting; online reporting performance measurement; compliance monitoring; passive currency hedging, and other asset administrationservices which may arise from time to time.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/91f76913-8eab-4723-80c7-0da50b695fc6 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 May 2018 |
| Submission deadline | 28 Nov 2017 |
| Future notice date | Not specified |
| Award date | 29 Apr 2018 |
| Contract period | 30 Apr 2018 - 30 Apr 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £245,000 |
| Lots value | Not specified |
| Awards value | £125,876 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | TOWER HAMLETS |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 2BG |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Poplar |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | NORTHERN TRUST |

## CPV Codes

### Divisions

- 79 - Business services: law, marketing, consulting, recruitment, printing and security

### Codes

- 79200000 - Accounting, auditing and fiscal services

## Release History

- 2 May 2018 at 14:24 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/91f76913-8eab-4723-80c7-0da50b695fc6

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/91f76913-8eab-4723-80c7-0da50b695fc6
  2nd May 2018 - Awarded contract notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=3665135f-95b9-e711-80e6-005056b64545
  Advert

## Notice URLs

- http://www.towerhamlets.gov.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-1ebbe109-2ed6-4d0c-aca5-b19116409490.json.